Syllabus D4
Gains and losses on the disposal of movable, immovable prop 4 / 6
a) Define chattels
i) non-wasting
ii) wasting.
b) Explain and demonstrate the calculation of gains on chattel disposals
i) exemptions
ii) marginal relief
iii) deemed proceeds for losses
iv) awareness of the interaction with capital allowances.
c) Calculate gains on part disposals.
d) Calculate gains where compensation or insurance proceeds are received for assets lost or destroyed.
What are chattels?
5:03
Illustration 1 - Exempt
0:39
Illustration 2 - Sold for more than £6,000
1:17
Illustration 3 - Bought for more than £6,000
0:57
June 12 - Section B - Q4
4:50
Past Exam Question
1:56
Chattels and wasting assets
Insurance proceeds received for damaged/lost asset.
2:40
Illustration
0:49
Past Exam Question
1:33
Insurance proceeds received for a damaged/lost/destroyed as
Syllabus D4CBE Questions
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D. Capital Gains Tax
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D. Capital Gains Tax